Interaction between business and the environment

Discuss how economics can drive business practices to maximize profitability and environmental protection. Address the interaction between business and the environment within the Tesla Motor Company. Define the concept of a cost/benefit analysis, and discuss the components of such an evaluation. Address what components are needed for a business to complete such an analysis and detail how both the costs and the benefits are generally determined. Additionally, make sure to address how externalities play into cost/benefit analyses. research the company selected and discuss how their business strategies utilize techniques that save money and natural resources. As part of this analysis make sure to address the following concepts below: Briefly summarize the background and operations of the company including a description of their goals and target market. Analyze the environmental sensitivity of the company and specifically discuss what actions the firm is taking to limit their impact on the environment. Discuss how the companies utilization of environmentally friendly activities is preserving at least two of the following: energy, water, land, air pollution, water pollution, and waste. Provide an economic justification supported by readings from your text that illustrates how the preservation of the resources discussed in section C can lead to a healthier planet and increased profits for the firm. Finally, discuss the future outlook for the company, making sure to discuss if their business practices are sustainable against similar corporations that have chosen not to adopt environmentally friendly processes. References www.teslamotors.com Tietenberg, T. H. (2009). Environmental economics and policy (6th ed.). New York, NY: Prentice Hall. Suggested Hitchcock, David, and Blair, Alasdair. Environment and Business. Florence, KY, USA: Routledge, 2000. ProQuest ebrary. Web. 5 August 2015. Laszlo, Chris. Sustainable Company : How to Create Lasting Value Through Social and Environmental Performance. Washington DC, USA: Island Press, 2003. ProQuest ebrary. Web. 5 August 2015. Seow, Christopher, Hillary, Ruth, and Wilson, Scott, eds. Managing Business Processes for Corporate Sustainability. Bradford, GBR: Emerald Group Publishing Ltd, 2006. ProQuest ebrary. Web. 5 August 2015.

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